Oct 13, 2012 7:30am PDT
taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. after a year they will let them go up on everyone. >> neil: two weeks ago we got in the issue of what is a tax hike? we were talking about all the special breaks, allowances, write-offs at some businesses and individuals enjoy. the thing that reagan went after in 1986. if you use these to get away with paying no taxes shame on you. the guy in the building since used it as justification. ronald reagan advocating raising taxes period. that is not what he said. what do you say? do you draw the line that credits and closing loopholes is a tax increase? so don't think about it? >> guest: no. eliminate those that don't serve purpose.